Crooked Hammock Brewery | Middletown, DE 316 Auto Park Drive

Middletown, DE 19709

For Sale

7,300 sqft

Sale Price

$4,720,000
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Retail For Sale - Available Immediately
CROOKED HAMMOCK BREWERY Crooked Hammock Brewery is a family-friendly brewery, restaurant, and beer garden that offers a unique backyard cookout experience. The Middletown location features a 15-barrel brewhouse and a backyard with games to enhance the customer experience, including bocce courts, horseshoe pits, corn hole, and more. Crooked Hammock is owned by La Vida Hospitality, a growing company in the hospitality sector that operates several concepts such as Big Chill and Taco Reho.
STRONG FINANCIALS Crooked Hammock boasts strong financials with impressive sales performance at this location. The lease has been structured with a conservative rent to sales ratio, allowing for the tenant to maintain long term operational success. For more details, please contact the agent directly.
STRATEGICALLY LOCATED IN DOMINANT RETAIL CORRIDOR The subject property benefits from its prime location across from Westown Shopping Center, an outdoor shopping center with over 6 million annual visitors according to Placer.AI data and features prominent national retailers such as Walmart Supercenter, Michaels, Marshalls, Kohl’s, HomeGoods, Ashley Furniture, ALDI, and more. Other major retailers in this area include The Home Depot, Lowe’s, Sprouts, Target, and many others.
AMAZON FULFILLMENT CENTER The property is across the street from a brand-new Amazon Fulfillment Center. The 1 million+ square foot facility on Merrimac Avenue is one of six fulfillment centers in the nation that hosts public tours. The $15 million facility, one of two Amazon operates in Delaware, currently employs more than 1,600 people, making it the single largest employer in Middletown.
Get in touch
Richard Brehaut
Lic: 01934760
RB
Tony Anderson
Lic: 01936642
TA
Nate Barnes
Lic: 01908103
NB
Kent Presson
Lic: 02076597
KP
Brian Bruzek
Brian Bruzek
Scott Budzenski
Lic: 01989360
SB
LONG-TERM 20-25 YEAR ABSOLUTE TRIPLE NET (NNN) SALE LEASEBACK
At closing, the tenant will execute a new 20-25-year Absolute Triple Net (NNN) lease, resulting in zero landlord management obligations. Tenant will be responsible for taxes, insurance, and all maintenance & repairs at the property, including roof & structure. The lease will also include 2% annual increases, providing an investor with positive income growth and a hedge against inflation.
EXCELLENT SITE-LEVEL VISIBILITY & ATTRACTIVE DEMOGRAPHICS
The property is located adjacent to Middletown Warwick Rd, which has traffic counts of 29,035 vehicles per day in this area. The property also benefits from strong population growth, with a 1.1% annual increase to the 1-mile population over the last 5 years. The property is also surrounded by 13 different single-family and multi-family residential developments, all of which provide a steady customer base to
the brewery. The average household income surpasses $128,000 within a 3-mile radius.

Total Space Available

7,300 sqft

Sale Price

$4,720,000
site plan_CHB - Middletown, DE
Get in touch
Richard Brehaut
Lic: 01934760
RB
Tony Anderson
Lic: 01936642
TA
Nate Barnes
Lic: 01908103
NB
Kent Presson
Lic: 02076597
KP
Brian Bruzek
Brian Bruzek
Scott Budzenski
Lic: 01989360
SB